The Income Tax Department has announced that it issued refunds totalling over Rs 2.13 lakh crore to more than 2.24 crore taxpayers. This period covers 1st April 2020 to 22nd March 2021. The refunds were split between individual income tax and corporate tax.
The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2020 and 22nd March2021. Know the amount of total refund and itsbifurcation below:
CBDT issues refunds of over Rs. 2,13,823 crore to more than 2.24 crore taxpaye
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FAQ :
More than 2.24 crore taxpayers received refunds.
The total amount of refunds issued was over Rs 2,13,823 crore.
The data covers the period from 1st April 2020 to 22nd March 2021.
Rs 79,483 crore was issued as income tax refunds.
Rs 1,34,340 crore was issued as corporate tax refunds.